Hugo Boss' Boss Woman net income sharply up in Q3

14 Nov '05

3 min read

Sales in North and South America were positive in the first nine months of fiscal 2005, improving by 12 percent to EUR 171 million (Q1-Q3 2004: EUR 152 million). Adjusted for currency fluctuations, sales were approximately 13% higher than in the prior-year period. The strongest growth was seen in the US, where sales rose 18% in local currency. In euro terms, sales improved by 14% from EUR 107 million to EUR 123 million as of the end of September 2005.

The dynamic business trend in Asia/other regions continued for HUGO BOSS in the first nine months of 2005. Sales in this region rose by 25% to EUR 109 million from EUR 87 million in the prior-year period. Currency-adjusted sales improved by 27 percent. In Japan, sales grew by 16% to EUR 28 million (Q1-Q3 2004: EUR 24 million), and sales in China increased by 32% to EUR 24 million (Q1-Q3 2004: EUR 18 million).

The product groups licensed out – fragrances, eyewear and watches – declined slightly by 2% to EUR 28 million in the first nine months of fiscal 2005 (Q1-Q3 2004: EUR 28 million).

The sustained positive sales trend of BOSS Woman continued in the first three quarters of fiscal 2005, with sales increasing sharply by 37 percent to EUR 74 million (Q1-Q3 2004: EUR 55 million). Net income for BOSS Woman improved to EUR 2 million (Q1-Q3 2004: EUR 1 million).

German fashion company HUGO BOSS AG has maintained its position as global market leader in the high fashion market for many years. This success is based on a number of factors. Company is represented in the fashion market by its brands BOSS, HUGO and BALDESSARINI.

HUGO BOSS AG

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